Noble Financial restated their buy rating on shares of E.W. Scripps Company (The) (NYSE:SSP) in a research report report published on Wednesday.

Other research analysts also recently issued reports about the stock. Benchmark Co. reissued a buy rating and set a $26.00 price objective on shares of E.W. Scripps Company (The) in a research report on Thursday, July 13th. Zacks Investment Research raised shares of E.W. Scripps Company (The) from a hold rating to a buy rating and set a $20.00 price objective on the stock in a research report on Wednesday, July 12th. BidaskClub raised shares of E.W. Scripps Company (The) from a hold rating to a buy rating in a research report on Monday, July 31st. Finally, Jefferies Group LLC reissued a hold rating and set a $20.00 price objective on shares of E.W. Scripps Company (The) in a research report on Wednesday, August 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of Buy and an average price target of $22.00.

E.W. Scripps Company (NYSE SSP) opened at 19.07 on Wednesday. The company’s 50-day moving average is $18.18 and its 200 day moving average is $19.19. E.W. Scripps Company has a 52 week low of $12.16 and a 52 week high of $24.15. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 27.84 and a beta of 2.02.

E.W. Scripps Company (The) (NYSE:SSP) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. The business had revenue of $231.82 million for the quarter, compared to the consensus estimate of $232.04 million. E.W. Scripps Company (The) had a net margin of 6.05% and a return on equity of 5.90%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 EPS. On average, analysts forecast that E.W. Scripps Company will post $0.14 EPS for the current fiscal year.

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Several hedge funds have recently made changes to their positions in the company. Sentry Investment Management LLC boosted its holdings in shares of E.W. Scripps Company (The) by 1.7% during the 2nd quarter. Sentry Investment Management LLC now owns 165,566 shares of the company’s stock valued at $2,949,000 after buying an additional 2,830 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of E.W. Scripps Company (The) by 11.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 103,184 shares of the company’s stock valued at $1,838,000 after buying an additional 10,427 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of E.W. Scripps Company (The) during the 2nd quarter valued at $217,000. State Street Corp boosted its holdings in shares of E.W. Scripps Company (The) by 3.3% during the 2nd quarter. State Street Corp now owns 1,368,829 shares of the company’s stock valued at $24,379,000 after buying an additional 43,847 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of E.W. Scripps Company (The) by 2.5% during the 2nd quarter. Royal Bank of Canada now owns 26,157 shares of the company’s stock valued at $467,000 after buying an additional 628 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

About E.W. Scripps Company (The)

The E. W. Scripps Company is a media enterprise with interests in television and radio broadcasting, as well as local and national digital media brands. The Company’s segments include television, radio, digital, and syndication and other. As of December 31, 2016, the Television segment included approximately 15 American Broadcasting Company (ABC) affiliates, five National Broadcasting Company (NBC) affiliates, two FOX affiliates, two Columbia Broadcasting System (CBS) affiliates and four non big-four affiliated stations.

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